Target Trading in the Forex week of June 18th, 2017

What ProAct Forex Target Traders See: We are currently sitting @ 1.1120 (5 pips difference then last week). We are looking to complete a 5th wave in the 1.1500 area. Might take a while though since the pair’s ATR is so low for its popularity. The average daily true range (ATR) for the pair currently is 67 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 110.84 in a range. We are looking to continue down to the Bottom @ 108.37 area. The average daily true range (ATR) for the pair currently is 93 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2784 and in a trend down due to the election. WE are looking to move first to the S5 Target @ 1.2602 and then to the 0.786 Fibo @ 1.2512. The average daily true range (ATR) for the pair currently is 108 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Forex Target Traders See: We are currently sitting @ 0.7623 in a channel. We are looking to continue to the 1.618 Fibo @ 0.7698 and then print a 4th wave before resumption to the 0.7800 Target. The average daily true range (ATR) for the pair currently is 56 pips.